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20121106
20121106
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about doing this with yemen, too which is of course in an area of the u.s. and saudi arabia to cooperate a lot on counterterrorism, on the gcc initiative to get the power not only the thing is how do you get this desperately poor country running out of everything all but once given the chance to get back on its feet. we are still working together on that. the big issues you to brief the next secretary on our iran sanctions and syria. the imposition of the current set of sanctions wouldn't have been possible without such a deal last november but if the sanctions led to iran losing up to or a little more than half of its oil exports, with saudi arabia be willing to step in and make those exports and i think with a caveat that we probably can't make up all of iran's exports whether it be a mechanism to totally shut them down because that would take the saudi production right up and leave no spare capacity which tends to be a driver for the higher oil prices. so, as the sanctions have come about, we had some bumps in the oil market particularly in the spring in anticipation, but as they've b
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